Reported about 11 hours ago
Wolfspeed, a semiconductor manufacturer, is set to receive a $750 million CHIPS Act grant to expand its facilities in North Carolina and New York, according to CEO Gregg A. Lowe. The funding aims to enhance the company's capabilities and retain its technology within the U.S. while bolstering workforce development through partnerships with local educational institutions. Lowe emphasizes the critical need for reshoring chip production to protect trade secrets and ensure the industry's future in America.
Source: YAHOO